BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies and business lines. Headcount at BCS UK has grown to over 170 since the beginning of 2017 - with the establishment of a branch in Moscow of the FCA regulated UK entity, that now encompasses the entire operations and business support functions of BCS Global Markets. The new structure addresses this change in order to ensure robust controls remain in place as the company expands.
Tim Bevan was recently promoted to Global Head of Prime Brokerage, extending his remit to cover prime business in Russia and establishing the wealth management division within the investment bank, while Bradley Duke joined BCS last year as regional Head of UK, Europe and the US.
The co-CEO structure ensures an equitable spread of administrative responsibility recognising the growth in demands from the business lines as they expand throughout the regions where BCS operates.
Roman Lokhov, CEO, BCS Global Markets, said:
I believe that appointing Tim and Bradley as co-CEO of BCS UK is the optimal solution for addressing both business and administrative demands. I have known Bradley and Tim for a long time and have worked with them in several organisations over the last 15 years. We share a unified vision and, at such an important stage of our company’s growth, two CEO’s in the UK means the burden of major areas of responsibility can be shared allowing each greater flexibility to reflect, innovate and execute.
A message from management of BCS Global Markets
The continuously evolving nature of the global coronavirus situation has meant we at BCS Global Markets (BCS) are taking all necessary steps to keep business disruption to an absolute minimum.
Effective from today (Wednesday 18th March) employees from all divisions of the business based in our Russia, UK, USA and Cyprus offices who can work from home without creating any even minor possible risk for business continuity of the Group will be working remotely. It is very much business as usual at BCS. Our employees are equipped with secure access to our systems and will follow their normal working hours, keeping in regular contact with their colleagues and clients.
Despite ongoing disruption caused by COVID-19, we want to also assure you that following a sustained period of positive performance, our capital and liquidity position remains very strong. The business is well-placed to meet any subsequent financial challenges and will continue to go above and beyond for our clients.